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Fly News Breaks for October 16, 2019
XHR
Oct 16, 2019 | 16:41 EDT
BMO Capital analyst Ari Klein initiated coverage of Xenia Hotels with a Market Perform rating and $21 price target. The analyst notes that the company's portfolio has been significantly improved over the past few years with potential to benefit from untapped margin opportunities at recently acquired hotels. Klein adds however that Xenia Hotels stock offers limited upside from current levels, having already outperformed its peers year-to-date and facing broader RevPAR headwinds amid decelerating macro conditions.
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